DOGE Breaks Above Ichimoku Cloud, Eyes $0.09 Resistance
Dogecoin has been on an upward trend in recent days, with its price rising by over 3% in the past 24 hours to trade near $0.08727.
This move comes as the token approaches a key resistance zone between $0.0885 and $0.09, which traders are closely watching for a clean break above it could shift momentum back in favor of buyers.
The four-hour chart has shown that DOGE has moved above the Tenkan-sen, Kijun-sen, and Kumo cloud, clearing all three major Ichimoku components and indicating short-term buyers regaining control.
However, the broader trend has not fully flipped bullish yet, with the cloud projected ahead still pointing lower.
On the daily chart, DOGE is trying to break out of a descending channel, with a breakout above $0.0885-$0.09 seen as the next trigger to watch, potentially leading to higher targets such as $0.0946 and then $0.10.